Mirtha Is 21 Years of Age and a Full-Time Student

question 22

Multiple Choice

Mirtha is 21 years of age and a full-time student living by herself.She had wages of $23,000 for 2014.Can Mirtha claim the exemption for herself on her tax return?

• A) Mirtha's parents can claim the exemption.
• B) Both,Mirtha and her parents can claim the exemption.
• C) Yes,Mirtha can claim the exemption.
• D) No one can claim the exemption for Mirtha.

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Definitions:

Shoplifting

A criminal act of stealing goods from a retail establishment without paying for them.

Sarbanes-Oxley Act

A federal law enacted in 2002 to protect investors from fraudulent accounting activities by corporations.

Accounting Oversight Board

A regulatory organization that oversees the audits of public companies to protect the interests of investors and further the public interest in the preparation of informative, fair, and independent audit reports.

Civil and Criminal Penalties

Legal sanctions that can be imposed for violations of law, with civil penalties typically involving fines or damages and criminal penalties involving imprisonment or probation.